Tuesday, December 02, 2025 | 11:30 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Kerala: Migrant labour faces worst effects of post demonetisation slowdown

Everything changed on November 8, 2016, when Prime Minister Narendra Modi's demonetisation order invalidated 86% of India's currency.

RBI allays concerns on note quality
premium

Bundles of Rs 500 notes

Jeff Joseph | IndiaSpend Perumbavoor (Kerala)
When illiterate mason Jalaluddin Shaikh sought a better life seven years ago, he journeyed nearly 2,500 km south from his home in Murshidabad, Bengal, to this riverine town in the greater Kochi agglomeration, known for its farm produce, plywood and sundry small-scale industries.

Jalaluddin, 40, had heard stories of the opportunities in prosperous Kerala, and nearly five years, he was happy, earning Rs 22,000 every month at construction sites, saving enough to send Rs 15,000 back home.

Everything changed on November 8, 2016, when Prime Minister Narendra Modi’s demonetisation order invalidated 86% of India’s currency.

Jalaluddin’s life worsened in June